27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Northrop Grumman.
Looking at options history for Northrop Grumman (NYSE:NOC) we detected 13 strange trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $274,570 and 5, calls, for a total amount of $266,839.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $440.0 to $490.0 for Northrop Grumman over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Northrop Grumman options trades today is 205.43 with a total volume of 364.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Northrop Grumman's big money trades within a strike price range of $440.0 to $490.0 over the last 30 days.
Northrop Grumman Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NOC | CALL | SWEEP | BEARISH | 05/17/24 | $450.00 | $95.5K | 49 | 7 |
| NOC | CALL | SWEEP | BEARISH | 01/19/24 | $490.00 | $65.2K | 482 | 0 |
| NOC | PUT | SWEEP | BEARISH | 05/17/24 | $450.00 | $52.8K | 68 | 49 |
| NOC | PUT | TRADE | NEUTRAL | 06/21/24 | $440.00 | $42.0K | 145 | 7 |
| NOC | CALL | TRADE | BEARISH | 06/21/24 | $490.00 | $35.4K | 104 | 18 |
Where Is Northrop Grumman Standing Right Now?
- With a volume of 459,850, the price of NOC is down -0.94% at $473.29.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 90 days.
What The Experts Say On Northrop Grumman:
- UBS downgraded its action to Buy with a price target of $555
- Deutsche Bank downgraded its action to Buy with a price target of $502
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Northrop Grumman, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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